Estate Planning Lawyers in New Orleans
Whether you live in a mansion or a more modest dwelling, you have an estate that should be legally protected for your future use, especially if you require extensive medical care in your later years.
Part of estate planning is also directing where you want your remaining assets to go after your death. Planning for your family’s future, taking responsibility for minor children or those with special needs and making charitable donations with your remaining assets are all decisions you can make now. There are several tools available to you for estate planning, including:
- Power of Attorney
- Pre-nuptial Agreement
- Life Insurance
- Healthcare Proxy
- Conservatorship Agreements
Talking with an estate planning attorney is the first step in developing a legal plan that suits your situation.
When to Begin Estate Planning
It is never too early to begin estate planning, and your plan should be reviewed every couple of years as your financial and family situations change. Children grow up and become legal adults, marriages end and houses are bought and sold. To be useful, your estate plan needs to keep up with the changes in your life, protecting new assets and releasing old dependents.
You should review your estate plan with your attorney at these junctures in life:
- When you enter into a new marriage or divorce.
- When you are expecting a new child or grandchild.
- If you adopt a child or take responsibility for a relative with special needs.
- When you buy a new house or acquire an additional piece of property.
- If you make a large purchase like a vehicle, artwork or piece of jewelry.
- If you start a new business or accept another new financial responsibility.
- If your income changes significantly.
When in doubt, an annual review is not a bad idea. Your estate plan instruments are only as good as they are up-to-date.
Get Expert Estate Planning Guidance
The quality of your estate plan can have a serious effect on the loved ones you leave behind and even your own final days. It is important to get expert legal advice on the best way to protect your assets and provide for your loved ones after you are gone. People with even modest estates can benefit from expert estate planning.
Our estate planning lawyers at Irpino, Avin & Hawkins are experienced in drafting a comprehensive plan that covers every possible contingency. Our attorneys know how to protect your interests under Louisiana law and anticipate where your vulnerabilities might lay. We will execute all of the estate planning tools necessary to ensure your assets are distributed and responsibilities fulfilled following your death.
Call our office at 1-800-7500-LAW or fill out our online form to schedule a free consultation with a member of our estate planning team.